IBM Retirement Fund decreased its position in shares of UnitedHealth Group Inc (NYSE:UNH) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,650 shares of the healthcare conglomerate’s stock after selling 1,166 shares during the quarter. UnitedHealth Group makes up approximately 0.9% of IBM Retirement Fund’s portfolio, making the stock its 13th biggest position. IBM Retirement Fund’s holdings in UnitedHealth Group were worth $3,899,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of UnitedHealth Group by 3.1% during the 4th quarter. BlackRock Inc. now owns 69,831,381 shares of the healthcare conglomerate’s stock valued at $17,396,391,000 after acquiring an additional 2,123,417 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of UnitedHealth Group by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 69,342,549 shares of the healthcare conglomerate’s stock valued at $18,447,892,000 after acquiring an additional 1,073,505 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of UnitedHealth Group by 50,446.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,349,795 shares of the healthcare conglomerate’s stock valued at $214,000 after acquiring an additional 53,244,249 shares in the last quarter. Northern Trust Corp lifted its holdings in UnitedHealth Group by 2.5% during the 4th quarter. Northern Trust Corp now owns 11,669,246 shares of the healthcare conglomerate’s stock worth $2,907,043,000 after buying an additional 288,199 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in UnitedHealth Group by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 11,593,401 shares of the healthcare conglomerate’s stock worth $2,882,988,000 after buying an additional 965,763 shares during the period. 86.68% of the stock is currently owned by institutional investors.
UNH has been the topic of several recent research reports. Zacks Investment Research raised UnitedHealth Group from a “hold” rating to a “buy” rating and set a $258.00 target price on the stock in a report on Wednesday. Oppenheimer lifted their target price on UnitedHealth Group from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, January 16th. Citigroup cut their target price on UnitedHealth Group from $288.00 to $247.00 and set a “neutral” rating on the stock in a report on Wednesday. Cleveland Research reaffirmed a “buy” rating on shares of UnitedHealth Group in a report on Friday, January 11th. Finally, Raymond James cut their target price on UnitedHealth Group from $310.00 to $265.00 and set a “strong-buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $291.56.
Shares of NYSE:UNH opened at $221.75 on Friday. The stock has a market capitalization of $212.78 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 1.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.73. UnitedHealth Group Inc has a 1 year low of $208.07 and a 1 year high of $287.94.
UnitedHealth Group (NYSE:UNH) last announced its quarterly earnings data on Tuesday, April 16th. The healthcare conglomerate reported $3.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.60 by $0.13. The company had revenue of $60.30 billion for the quarter, compared to the consensus estimate of $59.72 billion. UnitedHealth Group had a return on equity of 24.38% and a net margin of 5.30%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 EPS. On average, equities research analysts forecast that UnitedHealth Group Inc will post 14.63 EPS for the current fiscal year.
In other news, Director Richard T. Burke sold 5,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $245.01, for a total value of $1,225,050.00. Following the transaction, the director now directly owns 182,372 shares of the company’s stock, valued at approximately $44,682,963.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gail R. Wilensky sold 2,930 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $253.39, for a total value of $742,432.70. Following the completion of the transaction, the director now directly owns 64,726 shares in the company, valued at $16,400,921.14. The disclosure for this sale can be found here. Insiders sold a total of 17,930 shares of company stock worth $4,587,133 over the last three months. 0.87% of the stock is owned by company insiders.
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About UnitedHealth Group
UnitedHealth Group Incorporated operates as a diversified health care company in the United States. It operates through four segments: UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx. The UnitedHealthcare segment offers consumer-oriented health benefit plans and services for national employers, public sector employers, mid-sized employers, small businesses, and individuals; health and well-being services to individuals age 50 and older, addressing their needs for preventive and acute health care services, as well as services dealing with chronic disease and other specialized issues for older individuals; and Medicaid plans, Children's Health Insurance Program, and health care programs; and health and dental benefits.
Further Reading: Intrinsic Value and Stock Selection
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